Remember demonetization woes, where wives (mostly) lost wads of notes stashed away secretly from prying eyes? Well, had they known the benefits of Cryptocurrency trading, immaterial of when and who changed a policy their booty would always stay safe.
You can find other umpteen benefits not highlighted anywhere either in newspapers or the internet. Some of them gain importance due to cryptocurrency local problems not discussed in public places (though governments take action clandestinely, denying its citizens to gain in similar ways). We will see them 1 by 1 arranged not in an orderly fashion.
Better than the infamous Hawala Deals
Imagine you had been selling a residence for a big sum and investing element of it’s in buying another property. Legally speaking, if you invest the total amount earned you pay zero tax, but imagine if the new property cost only half just as much? Neither can you add it in
A bank (as all transactions are questionable)
Nor hide in the home (as a theft is obviously a possibility),
Nor bring it along when traveling (if an authority searches for whatever reason, you won’t manage to explain and it is going to be forfeited).
Obviously, you try sending that amount elsewhere utilizing the infamous method titled above, what else are you able to do? At probably the most, you can distribute the surplus amongst your household members, close relatives, and friends, but again, the risk of these not returning is grave.
An Exemplary Investment Tool like a SIP- Systematic Investment Plan
Speculation is just a century-old tradition which involves risk, and many derive satisfaction indulging in it. Trading in stocks is one such option and those that can enjoy with safe margins usually benefit.
Cryptocurrency, for example, Bitcoin is divisible to the eighth decimal point. Which means the tiniest unit of Bitcoin, called a Satoshi, is 0.00000001 Bitcoin.
You should buy any dollar quantity of Bitcoin you want. In a way, it is possible to but in bits and parts as and when you yourself have the opportunity of putting away some of your hard-earned cash.
Agreed that like stock markets, even the Cryptocurrency value can fluctuate tremendously, but when you play safe then its be good to truly have a go at it.
Decentralized means you are safe from any organization’s poor show
Cryptocurrency like Bitcoin is managed by its network, and not anybody central authority. In simple terms, this means even the current presence of the erstwhile crook Harshad Mehta, who destroyed the Indian Bourses, cannot put your investment in jeopardy. Your cash is in safe hands, always.
Safe International Transactions
Imagine using PayPal for purchases in foreign countries and for a few vague reason, your account is put on hold. This may take days of excruciating verbal volleys in emails and heated telephonic conversations without guarantee of a fast solution. Basically, it seems that PayPal is the one having control of your hard earned money, which can be absurd, to express the least.
On the contrary, with Cryptocurrency, account holders own all of the coins they have purchased, it’s just like having profit your hands. Those coins may fluctuate in value, which can be normal, but at least they are owned by individuals who possess them.
Cryptocurrency is the approach to take, especially when security and stability are in stake. The simple investment and safe international transactions are some of the noted benefits. We should hope that all governments give it a go ahead and make lives of its citizens a shade easier!